Judy Jang (장현주)’s Post

CONTINUED economic uncertainty and weak retail sales have seen landlords prioritise keeping tenants, resulting in retail rental growth slowing across Singapore. #RetailProperty&ShoppingMalls #RetailProperty&ShoppingMallsVacancyRates #RetailPropertyRents #Singapore #RetailLeasing

How can retailers in Asia successfully expand into other countries in the region? After all, each Asian country has its own way of doing things, and what works in one place might not work in another. Check out our top 5 tips for a seamless expansion plan: https://lnkd.in/g8834wag Inside Retail Asia #retailer #asia #global #expansion #ordermanagement #orderfulfillment

Are we witnessing a shift in retail leasing trends across Hong Kong? In Q3, F&B groups in Hong Kong saw a significant decline in leasing volume, dropping to 22% from 52% in the previous quarter. Meanwhile, non-F&B retailers, including apparel and luxury brands, are stepping in to fill the gaps. This shift could signal a new dynamic in the retail leasing market, as consumer preferences and strategies evolve. What factors do you think are driving these changes in leasing trends in Hong Kong?

The retail industry in Singapore is highly competitive and challenging. However, we welcome foreign investors who are interested in buying in Singapore for various reasons. Factors such as stability, international recognition, and easy access to capital make Singapore an attractive destination for investors. As a result, local retailers may face even tougher competition in the future. Singapore's retail vacancy rate fell to 6.5% in Q4 2023, down from 7.2% in the previous quarter, according to the Urban Redevelopment Authority. Orchard Road shopping district is being rejuvenated into a lifestyle destination to attract tourists and local shoppers. Despite the extensive efforts to revitalize Orchard Road, several structures in the area still have an outdated and unremarkable appearance. Notable examples include Midpoint Orchard, Cineleisure, and Hereen. It's disappointing to see how the arrival of a flagship outlet from Adidas led to Nike quickly following suit, resulting in a cut-and-paste copycat scene. Is it necessary for us to have a similar concept planned out in Orchard Road? The retail industry needs a transformation. However, there doesn't seem to be a developer with a bold vision who can bring about this change. There are many reasons for this, but the main issue is that retailers, consumers, and brand owners are not willing to take risks in a small and unpredictable market. Our consumers and the Government are also not ready to pay extra for a unique shopping experience, except for popular foreign brands such as Taylor Swift's recent concert. Even large-scale events like our National Day parade or Chingay Parade cannot afford to book the stadium to match a performer of Taylor Swift's calibre at the National Stadium. Our national stadium, unfortunately, no longer resembles the National Stadium of the 1980s where we once witnessed the National Day Parade, the Kallang Wave, and the SYF. Instead, it feels more like a concert stadium. Thus, Singapore's retail scene is not really an attractive place for investors as it's overpriced for a small, crowded, and fragmented market. https://lnkd.in/eqybC6im #andrewtanatomisingapore #theatomiway #atomi #retailguru #atomiconsultancy #Singapore #RetailIndustry #OrchardRoad

Retail transactions across APAC markets are now dominated by domestic players who are reshaping the investment landscape. Seoul retail offers the highest COC yields in the region but faces limited opportunities due to reluctant large landlords and strong office sector competition. Singapore retail market remains active, yet low 4.5% COC yields and limited compression potential pose challenges. Dive into our retail sector analysis in the latest APAC Capital Tracker: https://co.jll/4fxlrTx Pamela Ambler, Roddy Allan, Stuart Crow, Paul Brindley, Tim Graham, Rohit Hemnani, Nihat Can Ercan #JLLAPAC #JLLinvestment #retailrealestate

The Polish industrial and logistics market is showing positive trends. BNP Paribas Real Estate indicates that in the upcoming years, the growth of e-commerce there will outpace that of countries such as Belgium, The Netherlands, and Austria. ➡️ Artur Lis, our Country Manager states: “The real estate market in Poland is currently experiencing a period of steady growth across logistics and office sectors and the residential sector. These trends indicate a positive outlook, with ample opportunities for investors, developers, and a place to be in the CEE region.” #ParkLaneDevelopments #commericalrealestate #logistics #Poland #NumbersLane

Business families from Thailand are making waves internationally. Exactly why I do not know, but I see various Thai families being very successful abroad as multinationals, more so than, for instance, those from Indonesia. Central Group is a star in retail in Asia, with many interesting innovations. This Thai business family seems well positioned to introduce their buzzing new retail concepts to their iconic properties and department stores in UK (Selfridges) and Germany (KaDeWe). #internationalisation #asianmultinational #businessfamily #innovation

🛍️ Experts on the retail market in Poland emphasize that tenants are increasingly contemplating greater diversification of the locations in which they operate, and that top brands are considering entering retail parks or opening flagship stores on high streets. 🗣️ Among other issues, in an interview with retailnet.pl, Michal M. Stys reflects on the ways in which retail is currently making its way back onto high street locations in Poland, offering insights into how the ongoing development of OFF Piotrkowska Center both anticipated and was inspired by this trend. We encourage you to read the piece at the link below: https://lnkd.in/dmWuegcC #retail #retailmarket SCF News | Retailnet.pl #offpiotrkowskacenter #lodz #poland #highstreet #interview

Moody’s to withdraw Lippo Malls Indonesia Retail Trust’s credit ratings: The Edge The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has announced that Moody’s Investors Service (Moody’s) has withdrawn LMIRT’s B3 corporate family rating following a prior request from the issuer. Similarly, Moody’s has also withdrawn the Caa1 backed senior unsecured rating of the US dollar notes LMIRT Capital, a wholly-owned subsidiary of LMIRT.  Prior to the withdrawal, the REIT says that the outlook on all ratings were “stable”. Meanwhile, Fitch Ratings Singapore has announced its plans to withdraw the ratings on LMIRT and LMIRT Capital on or about September 30, for commercial reasons. For the full story: https://lnkd.in/gqqJb78x

Singapore has 6 million people, Hong Kong has 7.4m, both are geographically very small Yet there is a big difference in ecommerce penetration In Singapore it accounts for 40% of retail sales, In Hong Kong it is only around 12%. Why the gap? Singapore’s compact urban layout and 8,000 people per square km density make online shopping a convenient and viable alternative to in-person retail Singapore’s extensive digital infrastructure heavily supported by the government and growing omnichannel retail strategies have made e-commerce a cornerstone of the retail industry Hong Kong has a similarly high urban density (6,600 people per sq km), Hong Kong’s extensive mall culture plays a significant role in shaping shopping behaviours. With major malls like Harbour City and Times Square providing easy access to luxury brands and daily goods, many consumers still prefer the in-person experience. Cross-border shopping is a major factor in Hong Kong's e-commerce environment, with a substantial portion of online spending directed to purchases from mainland China and other international markets This limits the growth of local e-commerce platforms, creating a more complex retail dynamic. Understanding these market nuances is key to crafting effective strategies for retail businesses in the region. Can anyone guess why Hong Kong has a lower urban density than Singapore but feels more cramped and which one has more malls? #Ecommerce #RetailStrategy #HongKong #Singapore #CrossBorderShopping #UrbanDensity #DigitalTransformation